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Monday 25 April, 2005

Winterflood Sec(EMM)

EPT Disclosure

Winterflood Securities Ltd
25 April 2005

                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

             (Rule 38.5 of The City Code on Takeovers and Mergers)




Name of exempt principal trader                       Winterflood Securities Ltd


Company dealt in                                      Perpetual Income & Growth Inv Trust Plc Warrants


Relevant security dealt in                            WTS 0.1


Name of offeree/offeror with whom connected           Securities Trust of Scotland Plc


Nature of connection #                                Advisor to Lowland


Date of dealing                                       22 April 2005








Total number of securities bought                     0




Highest price paid (currency must be stated)          £0.00




Lowest price paid (currency must be stated)           £0.00








Total number of securities sold                       1,000




Highest price paid (currency must be stated)          £0.85




Lowest price paid (currency must  be stated)          £0.85










Date of disclosure                                    25 April 2005


Contact name                                          Kevin House


Telephone number                                      020 7621 2979










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